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dc.contributor.authorMuehler, Griten_US
dc.contributor.authorBeckmann, Michaelen_US
dc.contributor.authorSchauenberg, Bernden_US
dc.date.accessioned2009-02-16T14:58:03Z-
dc.date.available2009-02-16T14:58:03Z-
dc.date.issued2007en_US
dc.identifier.urihttp://hdl.handle.net/10419/24615-
dc.description.abstractThe present paper examines the wage effects of continuous training programs using individual-level data from the German Socio Economic Panel (GSOEP). In order to account for selectivity in training participation we estimate average treatment effects (ATE and ATT) of general and firm-specific continuous training programs using several state-of-the-art propensity score matching (PSM) estimators. Additionally, we also apply a combined matching difference-indifferences (MDiD) estimator to account for unobserved individual characteristics (e.g. motivation, ability). While the estimated ATE and ATT for general training are significant ranging between about 4 and 7.5 %, the corresponding wage effects of firm-specific training are mostly insignificant. Using the more appropriate MDiD estimator, however, we find a more precise and highly significant wage effect of about 5 to 6 %, though only for general training and not for firm-specific training. These results are consistent with standard human capital theory insofar as general training is associated with larger wage increases than firm-specific training. Furthermore, we conclude that firms may intend to use specific training to adjust to new job requirements, while career-relevant changes may be conditioned to general training.en_US
dc.language.isoengen_US
dc.publisherZentrum für Europäische Wirtschaftsforschung (ZEW) Mannheimen_US
dc.relation.ispartofseriesZEW Discussion Papers 07-048en_US
dc.subject.jelM53en_US
dc.subject.jelC21en_US
dc.subject.jelJ31en_US
dc.subject.jelJ24en_US
dc.subject.ddc330en_US
dc.subject.keywordContinuous trainingen_US
dc.subject.keywordwage effecten_US
dc.subject.keywordaverage treatment effecten_US
dc.subject.keywordselectivity biasen_US
dc.subject.keywordpropensity score matching estimatorsen_US
dc.subject.stwWeiterbildungen_US
dc.subject.stwBildungsertragen_US
dc.subject.stwArbeitsmarktpolitiken_US
dc.subject.stwSchätztheorieen_US
dc.subject.stwSchätzungen_US
dc.subject.stwDeutschlanden_US
dc.titleThe Returns to Continuous Training in Germany: New Evidence from Propensity Score Matching Estimatorsen_US
dc.typeWorking Paperen_US
dc.identifier.ppn539954322en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:zewdip:5874-
Appears in Collections:Publikationen von Forscherinnen und Forschern des ZEW
ZEW Discussion Papers

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